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NantHealth, Inc.

Case Summary

NantHealth, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 03/27/2018 (Ongoing date of last review)

Filing Date: March 07, 2017

According to the law firm press release, the complaint alleges throughout the Class Period, Defendants made false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that Defendant had donated funds through nonprofit organizations to the University of Utah for the purpose of funneling those funds back into NantHealth; (2) that, as such, the Company and Defendant participated in the violation of federal tax laws—exposing the Company to possible civil and criminal liability; (3) that the Company improperly recorded orders received from the University of Utah as GPS Cancer test orders; (4) that, as a result, the Company reported false and inflated GPS Cancer order figures for the third quarter of 2016; and (5) that, as a result of the foregoing, the Company’s financial statements and Defendants’ statements about NantHealth’s business, operations, and prospects, were materially false and misleading.

An amended and consolidated Complaint was filed on June 26, 2017. Defendants filed a Motion to Dismiss the amended Complaint on August 2. On March 27, 2018, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss.

Company & Securities Information

Defendant: NantHealth, Inc.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: NH
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Atul Singh Deora, et al. v. NantHealth, Inc., et al.

COURT: C.D. California
DOCKET #: 17-CV-01825
JUDGE: Hon. R. Gary Klausner
DATE FILED: 03/07/2017
CLASS PERIOD START: 06/01/2016
CLASS PERIOD END: 03/06/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violations of the Federal Securities Laws 03/07/2017
2 Southeastern Pennsylvania Transportation Authority and Michael Fontaine's Notice of Motion for Consolidation, Appointment as Co-Lead Plaintiffs, and Approval of their Selection of Co-Lead Counsel 05/08/2017
3 Order Re Motion to Consolidate Cases, for Appointment of Counsel, and for Appointment as Co-Lead Plaintiffs [18,20] 05/31/2017

Reference Complaint

Atul Singh Deora, et al. v. NantHealth, Inc., et al.

COURT: C.D. California
DOCKET #: 17-CV-01825
JUDGE: Hon. R. Gary Klausner
DATE FILED: 06/26/2017
CLASS PERIOD START: 06/01/2016
CLASS PERIOD END: 05/01/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gibbs Law Group LLP
    505 14th St, Suite 1110, Gibbs Law Group LLP, CA 94612
    510.350.9700 510.350.9700 ·
  2. Kehoe Law Firm, P.C.
    Two Penn Center Plaza 1500 JFK Boulevard, Suite 1020, Kehoe Law Firm, P.C., PA 19102
    (215) 792-6676 ·
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Consolidated Class Action Complaint 06/26/2017
2 Order 03/27/2018
3 U.S. District Court Civil Docket 03/27/2018
 
 

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